Mapped: Billion Dollar Companies by Country in 2025

Dorothy Neufeld
2025-05-12 08:10:00
www.visualcapitalist.com

See this visualization first on the Voronoi app.

Billion Dollar Companies by Country in 2025

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Key Takeaways

The U.S. is home to 1,873 billion dollar firms by market cap, more than a third of the global total.
Japan ranks in second worldwide, at 404 billion dollar publicly-listed firms.
Since 2000, the number of companies in India valued at $1 billion or more has jumped from 20 to 348.

Globally, there are 5,522 publicly-listed firms valued at $1 billion or more.

While the U.S. commands the largest share, increasingly, a growing number of large firms are emerging out of India and the broader Asia-Pacific region. Underpinning this trend is strong economic growth, rising capital inflows, and favorable demographics.

This graphic shows the world’s billion dollar companies by country, based on analysis from BestBrokers.

Where Are the World’s Billion Dollar Companies Located?

With a $60.1 trillion market cap, the U.S. stock market commands 49% of the global market share—and the highest concentration of billion-dollar firms.

To look at it another way, the U.S. has about five billion-dollar companies per million residents. This strength can be attributed to America’s technological progress, significant venture capital flows, and economic competitiveness.

Country	Number of Billion Dollar Market Cap Companies
U.S.	1,873
Japan	404
India	348
Canada	228
UK	218
China	216
Australia	143
Germany	143
France	131
Switzerland	122
Sweden	111
Saudi Arabia	98
Hong Kong	91
Italy	79
South Korea	78
Taiwan	77
Israel	70
UAE	62
Spain	59
Brazil	58
Thailand	52
Singapore	51
Netherlands	44
South Africa	43
Norway	42
Denmark	40
Belgium	37
Malaysia	37
Indonesia	36
Türkiye	35
Vietnam	34
Ireland	32
Finland	32
Poland	31
Bermuda	31
Austria	29
Mexico	28
Qatar	25
Kuwait	25
New Zealand	23
Luxembourg	21
Greece	21
Chile	19
Argentina	18
Russia	15
Portugal	14
Philippines	14
Pakistan	12
Bahrain	9
Iceland	7
Oman	7
Czechia	4
Kazakhstan	4
Colombia	4
Jersey	4
Monaco	3
Hungary	3
Cayman Islands	3
Uruguay	2
Panama	2
Cambodia	2
Romania	2
Peru	2
Macau	2
Isle of Man	2
Guernsey	2
Malta	1
Cyprus	1
Lithuania	1
Costa Rica	1
Jordan	1
Egypt	1
Nigeria	1
Bahamas	1

Despite demographic headwinds, Japan follows next, with 404 billion dollar firms.

Under president Shinzo Abe, the Japanese stock market experienced significant reforms, boosting foreign investment and merger activity. Additionally, the Tokyo Stock Exchange has required companies to state how they plan to increase company valuations, in a notably undervalued market.

Ranking in third is India, seeing an explosive growth of large companies amid rising investor participation and infrastructure investment. Over the past five years, its leading stock market index has surged 137%—surpassing the S&P 500’s 98% gain.

China ranks sixth, with 216 companies valued at $1 billion or more. Overall, the Asia-Pacific region has the second-highest share of billion dollar firms after North America, at 30% of the global total. Meanwhile, Latin America and Africa have the lowest shares, at 3% and 1%, respectively.

Learn More on the Voronoi App

To learn more about this topic from a global perspective, check out this graphic on the world’s largest firms by revenue.

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